Intel has already invested $600 million in the Chengdu site, which started operating in 2005.

According to Yibada, Bian Chenggang, Intel Chengdu general manager, believes that the new investment will help in the development of Sichuan Province’s supply chain, bring in new talents and boost growth for the local technology ecosystem.

Accenture Technology Labs managing director Liu Dong said:

“An increasingly open market will also help the Chinese IC industry grow and catch up with the global market,”